Why We Like It:
COL is in the industrial goods sector. The company manufactures communications and aviation electronics.
The company's latest earnings report in April was mixed. The bottom line met analysts' estimates but revenues came in better than expected. Management raised the low-end of their 2014 guidance.

The industrial stocks are leading the market higher and COL is rebounding from its long-term trend line of support (see weekly chart below). COL just broke through its 50-dma and looks poised to rally past $80.00.

I am suggesting a trigger to buy calls at $80.25. More conservative traders could wait for a move past $80.50 instead. There is potential resistance at its 2014 highs near $84.00 but we're aiming for the $90 region.